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Protective component maker Polytronics reports decreased revenues for October

Eileen Chen, Taipei
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Protective component maker Polytronics Technology has reported revenues of NT$119 million (US$4.05 million) for October 2013, down 9.3% sequentially and 11.5% on year. The performance met the company's guidance for slow sales during the quarter.

For the first 10 months of 2013, revenues amounted to NT$1.24 billion, decreasing 14.3% from a year earlier.

Polytronics and fellow companies Thinking Electronic Industrial and Inpaq Technology have all expressed conservative views about their business outlooks for the fourth quarter.

Article translated by Steve Shen